Africa-Press – Angola. Six more companies are expected to enter the stock market in the coming months, with the launch of their listings on the stock exchange.These are the cases of BFA, Unitel, Tv Cabo, Endiama, Sonangol and BODIVA itself (Angolan Debt and Securities Exchange).
The information was reiterated, Saturday, in Luanda, by the Executive Director of BODIVA, Odair Costa.
At the first edition of the “FIN Summit”, the manager assured Angolan investors that the market is attractive and it would be a “good time” to take greater advantage of existing opportunities.
Odair Costa spoke at the panel on “The Role of the Capital Market in Building Wealth”, at the Congress on Finance, Investment and Business, held at the Intercontinental Hotel, where it was estimated that more than two thousand people were present, interested in improving their personal finances and others in entering the market.
According to the Stock Exchange manager, there are currently several investment opportunities that should be taken advantage of, appealing, however, that one should first seek greater financial literacy, in order to analyze what one can gain and lose with each of the products available.
No less important, in Odair Costa’s opinion, is the fundamental role of brokerage firms in helping investors who express their intention to enter the market.
When asked about the 20 percent increase in the value of ENSA shares in two days, the director explained that this was due to the strategy adopted by ENSA (National Insurance Company) to sell shares at an attractive price, resulting in demand exceeding supply.
“The demand that was not satisfied in the initial sales process was transferred to BODIVA. There were many investors who were unable to buy and were placed on the secondary market, which caused ENSA to increase in value,” he explained.
In turn, the Chairman of the Board of Directors of LWEI Brokers, João Sionguele, referred to the proportionality in the return on investment, which he considered to be still a challenge for many investors.
He explained that the appreciation of a company on the stock exchange is significant, but the return is the result of the investment that, clearly, and of the boldness that many investors must have when entering the market, “we have a market that is developing. Let’s invest”, he said.
Existing options
The Chairman of the Executive Committee of BFA Gestão de Activos, Rui Oliveira, highlighted the fact that the companies that will be listed are all listed, and that there is a private market within the world of capital markets, which means that there are companies that will not be listed, but that need to open their capital.
Therefore, Rui Oliveira considered it necessary to open the capital in two ways, in which each of the companies can ask for money from investors: by issuing debt, without being listed on the stock exchange, and by opening up capital, an option that essentially allows one to enter the companies as a shareholder.
Regarding the ease of opening a custody account through banks, the president of the AUREA Executive Committee said that there is still a regulatory challenge in terms of being able to use bank branches as correspondents and facilitate the account opening process.
With this, the institution that manages it will optimize the platform in order to allow clients to open accounts through the brokerage application.
“We have an operational model that allows customers to open a custody account at ÁUREA, with bank accounts at different operators,” he said.
Two days of “FIN Summit” in Luanda
The FIN SUMMIT promoted, on Saturday and Sunday, themes such as “Business Plans for Beginner Entrepreneurs”, “What is necessary for the success of a Startup”, “How banking works and the challenges of granting credit to the economy in Angola”, “Economy of Content Creators”, “Finance for Couples” and many other themes presented by experts from different sectors of the financial market.
In a statement to the press yesterday, the event organizer, Euclides Francisco, made it known that the “FIN Summit” is an innovative initiative, which aims at financial inclusion and above all education, as it is not possible to include without first educating.
The organization’s intention, he said, is to hold the “FIN Summit” once a year in all provinces of the country, as it believes that the event brings a transformational level to the economy, not only by generating an improvement in finances, but also by being an incentive to investment and a more widespread initiation into business, which is what most citizens are looking for today.
For Euclides Francisco, financial freedom is a process in which people must go through several phases, from dependence, solvency, stability, independence and only then freedom.
“Freedom is obviously much more difficult, but as individuals who want to live freely, we must think about financial independence and income generation. Preferably passive, through investments or business. And this is the path we seek here,” he indicated.
As he made known, one of the objectives of the FIN Summit is not just the mentality of saving money, but of multiplying it, of looking at opportunities and, in an inspiring way, realizing that everyone, as an individual, regardless of their background, can grow and achieve good results.
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